Equipment Finance is a smart form of finance for business owners as it assists in managing funding of certain assets in a business. It provides an alternative source of capital and a flexible alternative to cash for the acquisition of business assets, predominantly motor vehicles and plant and machinery.

Our team at Perks can help you find the right finance to help you fund a large range of assets including and not limited to:

  • Motor vehicles
  • Medical equipment
  • Farm machinery
  • Excavators
  • Office equipment
  • Computer hardware

The financiers we work with offer different lending policies regarding the types of goods they are willing to finance. We work through this and find the right solution for you.

There are a number of ways to finance the purchase of vehicles and equipment for your business, each with different tax, accounting, GST and FBT implications. The team at Perks will assist you in selecting the most appropriate finance structure depending on your circumstances.

The most common finance options are:


Chattel Mortgage

A Chattel Mortgage is used to finance vehicles and equipment, usually for work purposes. The financier provides the funds for the asset, giving you direct ownership of the asset at the point of sale. The financier secures the loan with a mortgage over the asset. At the end of the term, once all obligations have been met and the mortgage has been removed, you will have full ownership of the vehicle or equipment.

Commercial Hire Purchase

Under a Commercial Hire Purchase a finance company purchases a car or vehicle on your behalf and then gives you use and possession of the car (‘hires’) in return for regular payments.

Novated Leases

A Novated Lease is a lease that allows a business to lease a motor vehicle on behalf of an employee. The responsibility for this lease is the employee’s and the lease payments are made from the employee’s pre-tax income.

Our team at Perks will do the work so you can concentrate on running your business. We are able to organise quick approval and turnaround times so that you can take possession of your vehicle or equipment as soon as possible.


Perks Finance Pty Ltd is the holder of an Australian Credit Licence No. 378241.

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